What is the ruling about having shares in companies and banks’?
Category: Ribaa
Profits from selling shares in interest-based company
I had shares in a company that went bankrupt 25 years ago. The representatives of the company bought shares, with the remainder of the money, in Riyad Bank back then (i.e. 25 years ago).
Proposing marriage to a woman whose father works for a bank
I am a practising young Muslim man, al-Hamdu-Lillaah, and I want to marry a [particular] practising young woman.
Depositing money in a bank for safe keeping
Is it permissible for whoever has a lump sum of money to put it in a bank with the intention for safe keeping, and whenever the zakaah is obligatory upon that sum of money he extracts the required…
Using ribaa funds for good causes
I had shares in a bank which deals with ribaa, and then I sold them and earnt a profit. And now, some time has passed and I do not know what to do with it (the profit). So what do you advise me with?
Circumstances compel him to work for a bank which deals with ribaa
What is the ruling regarding someone whose circumstances compel him to work in a bank or [any] local money exchanges in the Kingdom [of Saudi Arabia], such as al-Bank al-Ahlee at-Tijaaree, and Bank…
Depositing money in a bank which does not deal with ribaa
These days, many accidents occur and blood-money is difficult [to pay].
Transferring money via banks which deal with ribaa and using the ribaa for good causes
We are Turkish workers working in the Kingdom of Saudi Arabia, and it is no secret that our country has adopted a secular rule and system, and ribaa is widespread in our country to an extraordinary…
The ruling regarding the salary of bank employees
Is the salary which the employees of banks in general receive, and Arab banks specifically, halaal or haraam, since I have heard that it is haraam because the banks deal with ribaa in some of their…
Working for a company which takes a loan from a bank which deals with ribaa
I am an accountant in a trading company, and this company is forced to take out loans from a bank which deals in ribaa.